September 26, 2003

Linebusters at Gas Pumps

Saving Time at the Pump September 26, 2003
CHICAGO -- ExxonMobil's latest venture truly proves that time is money.

ExxonMobil has partnered with Timex on a Timex Speedpass Watch, which incorporates the retailer's transponder payment technology.

The Timex Speedpass Watch works the same as ExxonMobil's regular Speedpass. Customers wave their watch at the pump or in the store at the "Place Speedpass Here" sign to make purchases, reports

The Speedpass watch can be used at 7,500 Exxon and Mobil stations across the country, as well at more than 440 McDonald's restaurants in Chicago and northwest Indiana.

Although writes that it "has never been a fan of James Bond-like gadgets posting as 'consumer goods of the future,' but an easy-to-use payment system built into mundane have-to-wears like watches and phones

Posted by Craig at September 26, 2003 03:32 PM